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What is a Voucher | Voucher in Accounting | Types of Vouchers

A voucher is a document used by a company’s accounts payable department containing the supporting documents for an invoice. A voucher is essentially the backup documents for accounts payable, which are bills owed by companies to vendors and suppliers. Documents in a voucher can include the supplier's invoice, amount owed, due date, general ledger accounts, and shipping receipts. All of the amounts of outstanding vouchers owed are totaled, and the one lump sum is recorded as accounts payable on the balance sheet. Vouchers are also used by governments and private businesses, which are then redeemable for various goods or services. #coaacademy #voucher #payables IFRS vs US GAAP    • Плейлист   US GAAP Concepts    • Плейлист   IAS 37 - Provisions, Contingent Liabilities and Contingent Assets    • Плейлист   Key Concepts    • Плейлист   IAS 16: Property, Plant & Equipment    • Плейлист   How is Contingent Liability treated:    • Видео  

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